ABC Business and Market Analysis

Transcript

icon-plusicon-minus

DAVID JONES WILL NO LONGER STOCK D-V-D'S, COMPUTER GAMES AND MUSIC... AFTER THOSE SALES DRAGGED DOWN THE QUARTERLY RESULT. THE DEPARTMENT STORES SALES SLIPPED ONE-POINT-FOUR PER CENT IN THE THREE MONTHS OVER CHRISTMAS TO JUST OVER 590 MILLION DOLLARS

ITS FASHION AND BEAUTY DEPARTMENTS PERFORMED WELL BUT SALES OF ELECTRONICS STRUGGLED.

THE RETAILER SAYS IT'S CONTINUING TO REDUCE THE AMOUNT OF DISCOUNTING THROUGHOUT ITS STORES.

TAKING A LOOK AT THE MARKETS

DJS Shares have fallen FOLLOWING THE SALES REPORT.

SINGTEL... OWNER OF OPTUS IS LOSING GROUND AFTER REPORTING A NINE PER CENT SLIDE IN Q3 PROFITS.

DOWNER EDI SHARES HAVE JUMPED .... AFTER EARNINS ROSE BY A QUARTER...

SHARES IN WESFARMERS AND RIO TINTO ARE MIXED AHEAD OF THEIR RESULT WHICH ARE YET TO BE RELEASED.

THE BROADER MARKETS DOWN / FLAT IN MORNING TRADE...

WALL STREET LOST GROUND OVERNIGHT.

TO CURRENCIES AND THE AUSTRALIAN DOLLAR IS XXX

AS WE AWAIT WESFARMERS PROFIT RESULTS ... THE DEBATE OVER SUPERMARKET POWER HAS ERUPTED AGAIN WITH DAIRY FARMERS CALLING FOR A SUPERMARKET OMBUDSMAN TO MONITOR PRICES...

BUT MARGY OSMOND FROM THE AUSTRALIAN NATIONAL RETAILERS ASSOCIATION... WHICH REPRESENTS BIG RETAILERS.... SAYS THERE'S NO NEED